The best replacement for neodymium is ferrite.

The best alternatives to neodymium are rated as following:
★★★★★  ferrite
★★  ceramic magnets
★★  alnico
★★  hematite
★★  samarium cobalt
★★  rare earth
★  rare earth magnets
★  electromagnet
★  ferrite magnets
  ferrite magnet
  neodymium

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